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Interest on Credit Cards. Eleen, who is currently paying $1,8.86 per year in finance charges to her credit card company. wants a car that costs

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Interest on Credit Cards. Eleen, who is currently paying $1,8.86 per year in finance charges to her credit card company. wants a car that costs $11,000. How long would it have taken Eleen to save for the outright purchase of the car if she did not have any credi card debt and used the interest payments to save for the purchase of the car? Eleen can invest funds in an account parying 5% interost To save for the outright purchase of the car, it would take Elben years. (Use your financiat calculator and round to two decimal places.)

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